Forsage Founders Indicted for $340M Ponzi Scheme Masquerading as DeFi Platform
Forsage Founders Indicted for $340M Ponzi Scheme Masquerading as DeFi Platform Source
Read More
Scheme
EminiFX CEO Eddy Alexandre Set to Plead Guilty to Role in Alleged $59M Ponzi Scheme
Despite Alexandre’s alleged fraud, however, many of his customers have continued to support him. At Alexandre’s plea hearing last year, supporters from around the world traveled to cheer him on, telling Bloomberg that EminiFX was legitimate, Alexandre was helping them and the case against Alexandre, who is Black, was racist. Source
Read More
Founder of $7.5M ‘brazen fraud scheme’ to see 8 years behind bars
Founder of “My Big Coin” and convicted fraudster Randall Crater has been sentenced to 100 months in prison and has been ordered to pay over $7.6 million to the victims of his fraudulent scheme. The U.S. Department of Justice (DOJ) said on Jan. 31 that Crater was sentenced by United States
Read More
First Mover Americas: Celsius Network Accused of Running a Ponzi Scheme
The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 31, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Read More
Spotify Resorts to Fresh Layoff Scheme amid Tech Downturn
Following its October headcount reduction, Swedish streaming giant Spotify looks to another layoff round to remain profitable.According to reports, music streaming giant Spotify (NYSE: SPOT) is planning a staff layoff this week. The latest Spotify layoff comes amid the sustained economic slowdown and follows last October’s headcount reduction. At a 2022 investors’
Read More
Bitconnect Victims to Receive Over $17 Million in Restitution From Ponzi Scheme – Bitcoin News
More than $17 million in restitution will be distributed among investors in the pyramid scheme Bitconnect under a court order in the United States. The notorious crypto investment scheme defrauded thousands of people around the world. Bitconnect Investors From Dozens of Countries to Be Paid Back Millions of US Dollars A
Read More
US Arrests ‘Mutant Ape Planet’ NFT Creator in $3M ‘Rug Pull’ Scheme to Defraud Crypto Investors – Regulation Bitcoin News
The U.S. government has arrested and charged the creator of “Mutant Ape Planet” non-fungible tokens (NFTs) for allegedly defrauding crypto investors. “The purchasers were ‘rug pulled,'” the Department of Justice (DOJ) described, adding that millions of dollars in cryptocurrency were diverted for the NFT creator’s personal benefits. DOJ Takes Action Against
Read More
2 More Promoters of Forcount Crypto Ponzi Scheme Arrested, Charged With Fraud
Two additional promoters of the Forcount Ponzi scheme – a Brazil-based crypto scam that defrauded Spanish-speaking investors around the world of a collective $8.4 million – have been arrested and charged with fraud for their role in the alleged grift. Source
Read More
No, Advisors, Crypto Is Not a Ponzi Scheme
For one thing, tokens like bitcoin and ether do hold value, even in down markets, and are not dependent on inflows of new money to pay off investors. Rather, holders of these tokens can exchange them for other items of value, or fiat currency, any time they can find a
Read More
Kaspersky Forewarns of New Malware Scheme by Lazarus Group Affiliate BlueNoroff
Kaspersky recently reported that a Lazarus affiliate might enhance its sophisticated malware attacks on crypto startups in 2023.According to cybersecurity firm Kaspersky, a North Korean-state-sponsored group of hackers called Lazarus Group has started a new malware-spreading scheme. Kaspersky recently released a new report which alleges that Lazarus now poses as
Read More